Structure and Functions
FCC is one of Canada's many Crown corporations; they report to the Parliament of Canada through the Minister of Agriculture and Agri-Food. The corporation's board consists of up to 12 members, all appointed choices that require the approval of the governor-in-council. This control board regularly meets in the corporation's head office, which is located in Regina, Saskatchewan. FCC has over 1100 employees, and six regional offices and 101 field and district offices across the country, primarily in rural Canada.
FCC can fund and deliver joint programs and services with federal agencies, provincial governments and other term lenders. FCC’s operations are funded primarily through FCC Bond offerings, structured notes, institutional short-term notes, long-term programs and institutional debt. It raises money on the domestic and international markets.
The product portfolio for FCC includes a variety of intermediate and long-term loans, with amortization periods as long as 29 years. As of March 2005, the corporation had a loan portfolio of 85,650 loans, with a total value of $11,150 million.
Read more about this topic: Farm Credit Canada
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